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HomeNewsBC sees biggest gains in latest Consumer Price Index

BC sees biggest gains in latest Consumer Price Index

Canada’s annual inflation rate rose 1.6 percent last month according to Stats Canada.

Analyst Kyle diMarche, says BC saw the largest gains out of any other province.

“Prices rose 1.9% year over year and that is after 1.7% the previous month. What was different in BC from the previous month than at the Canada level was gasoline, consumers paid more for gas in December of 2015 than they did a year ago.”

Food prices have risen 4.5% over the past 12 months.

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Fresh fruit, vegetables and meat all experienced bigger price increases in BC than any other province.

The index for purchasing a passenger vehicle in the province also rose 3.2%.

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